NASDAQ$DGII
Digi Intl Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Digi reported record quarterly revenues and ARR.
Digi International reported a strong second quarter with record revenues of $95 million, a 23% increase year-over-year, and record ARR of $90 million, a 165% increase year-over-year. The company's Adjusted EPS increased to $0.41, a 52% increase, and Adjusted EBITDA increased to $19.5 million, a 67% increase.
- Revenue was $95 million, an increase of 23%.
- Adjusted EPS increased to $0.41 per diluted share, an increase of 52%.
- Adjusted EBITDA increased to $19.5 million, an increase of 67%.
- Annualized Recurring Revenue (ARR) was $90 million, an increase of 165%.
Headline financials
Revenue & EPS history
Digi · Revenue · Quarterly
$94.7M
Revenue by segment
Digi · $23.3M total across 1 segment · Q2 2022
- IoT Solutions$23.3M+99.1%100.0%
Forward guidance
Digi International anticipates revenues between $94 million and $98 million for the third fiscal quarter of 2022, representing 19% to 24% growth year-over-year. Adjusted EBITDA is estimated to be $18.0 million to $19.5 million, and Adjusted EPS is expected to be $0.37 to $0.40 per diluted share, using a fully diluted share count of 36.2 million shares.
Tailwinds
- Revenues are estimated to be $94 million to $98 million, or 19% to 24% growth year over year.
- Adjusted EBITDA is estimated to be $18.0 million to $19.5 million.
- Adjusted EPS to be $0.37 to $0.40 per diluted share.
- Expect revenues will grow between 16.5% and 23% for the fiscal year.
- Expect Adjusted EBITDA to grow at a faster rate of between 35% to 55% for the fiscal year.
Headwinds
- Supply chain challenges.
- Challenging macro conditions.
- Difficult to predict various items including but not limited to the impact of foreign exchange translation, restructuring, interest and certain tax related events.
- Uncertainty in global economic conditions.
- Economic conditions within particular regions of the world which could negatively affect product demand and the financial solvency of customers and suppliers.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+1.6%
Avg return
Earnings day
+3.1%
Avg return
5 days after
+4.0%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+18.2%
Q1 2019
Best reaction
-23.3%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +5.4% | +4.5% | +12.0% | |
| Q1 2026 | -3.9% | -1.1% | +4.9% | |
| Q4 2025 | +6.8% | +7.1% | +26.5% | |
| Q2 2025 | +14.0% | +21.4% | +21.8% | |
| Q1 2025 | +17.3% | +15.5% | -4.9% | |
| Q4 2024 | -2.9% | -5.0% | +1.7% | |
| Q3 2024 | +17.9% | +16.9% | +16.0% | |
| Q2 2024 | -16.8% | -11.9% | -20.5% | |
| Q1 2024 | +10.0% | +13.3% | +18.6% | |
| Q4 2023 | -7.1% | -1.0% | +1.2% | |
| Q3 2023 | -23.3% | -22.4% | -20.6% | |
| Q2 2023 | +8.8% | +9.0% | +26.3% | |
| Q1 2023 | +0.8% | +2.7% | -2.5% | |
| Q4 2022 | +9.5% | +13.6% | +8.2% | |
| Q3 2022 | +13.4% | +9.1% | +7.8% | |
| Q2 2022 | +4.2% | +3.1% | +34.1% | |
| Q1 2022 | -6.7% | -9.5% | -9.8% | |
| Q4 2021 | +10.2% | +6.6% | +7.7% | |
| Q3 2021 | -2.3% | -0.1% | +5.7% | |
| Q2 2021 | -2.0% | -2.0% | +5.5% | |
| Q1 2021 | +17.3% | +28.3% | -9.3% | |
| Q4 2020 | -5.4% | -0.7% | +6.4% | |
| Q3 2020 | +12.3% | +8.6% | +6.7% | |
| Q2 2020 | +14.5% | +5.9% | +10.7% | |
| Q1 2020 | -3.7% | -15.2% | -19.3% | |
| Q4 2019 | +17.5% | +23.2% | +15.1% | |
| Q3 2019 | +4.8% | +10.2% | +4.4% | |
| Q2 2019 | -1.3% | -3.4% | -15.7% | |
| Q1 2019 | +18.2% | +17.7% | +14.0% | |
| Q4 2018 | +13.5% | +6.1% | +0.4% | |
| Q3 2018 | +0.7% | +0.4% | -1.9% | |
| Q2 2018 | -1.3% | +1.3% | +4.8% | |
| Q1 2018 | +1.0% | +0.5% | +2.4% | |
| Q4 2017 | +1.4% | +0.5% | +0.5% | |
| Q3 2017 | -1.0% | +2.5% | -7.2% | |
| Q2 2017 | -13.0% | -18.9% | -19.5% | |
| Q1 2017 | -1.1% | -4.0% | -5.1% | |
| Q4 2016 | -10.6% | -10.1% | +24.9% | |
| Q3 2016 | -1.7% | -3.0% | +3.7% | |
| Q2 2016 | +13.5% | — | — | |
| Q1 2016 | -15.6% | — | — | |
| Q4 2015 | +8.7% | — | — | |
| Q3 2015 | +3.0% | — | — | |
| Q2 2015 | +6.4% | — | — | |
| Q1 2015 | +8.3% | — | — | |
| Q4 2014 | +4.2% | — | — | |
| Q3 2014 | -6.2% | — | — | |
| Q2 2014 | -11.3% | — | — | |
| Q1 2014 | -16.7% | — | — | |
| Q4 2013 | +1.6% | — | — | |
| Q3 2013 | +4.3% | — | — | |
| Q2 2013 | -0.2% | — | — | |
| Q1 2013 | -0.9% | — | — | |
| Q4 2012 | -1.7% | — | — | |
| Q3 2012 | +1.8% | — | — | |
| Q2 2012 | -16.0% | — | — | |
| Q1 2011 | +3.6% | — | — | |
| Q1 2012 | -3.8% | — | — | |
| Q2 2011 | +4.4% | — | — | |
| Q4 2009 | +4.4% | — | — | |
| Q4 2011 | +4.4% | — | — | |
| Q4 2010 | -2.2% | — | — | |
| Q3 2011 | -2.2% | — | — | |
| Q3 2010 | -2.2% | — | — | |
| Q2 2010 | +1.3% | — | — |
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